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AMARCORD VINTAGE FASHION

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How Do I Write Off Bad Debt On My Tax Return? - Bright Hub
Jan 5, 2011 . There are IRS guidelines to follow for writing off a bad debt on your tax return. If someone owes you money, either from a loan or other transaction, and fails to . The debt must be written off in the year it becomes worthless.
http://www.brighthub.com/money/personal-finance/articles/35298.aspx


252 Lafayette Street (btwn Prince & Spring)

Can I write-off a personal bad debt? - FAQ - Tax Form Processing LLC
Aug 22, 2004 . Can I write-off a personal (nonbusiness) bad debt? . These nonbusiness bad debts must be totally worthless to be deductible. . If the loan was made to a boyfriend/girlfriend, spouse, other relative or friend, the assumption .
http://taxformprocessing.com/tax/faq/tax23.htm


How to Write Off Loan Debt | eHow.com
When you write off a bad loan, you claim a tax deduction on the amount you did not . Make copies of any proof that demonstrates that the debt is worthless.
http://www.ehow.com/how_6637360_write-off-loan-debt.html


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DIGS Soho

Irs Is Strict On Worthless Loan Claims - Orlando Sentinel
Sep 5, 2001 . But there are steps you can take before making a loan that will help in case a revenue agent questions your write-off. The key is to set up the .
http://articles.orlandosentinel.com/2001-09-05/news/0109050141_1_bad-debt-nonbusiness-bad-personal-loan


What are the tax implications of a LendingClub loan writeoff?
What are the tax implications of a LendingClub loan writeoff? . to the charged off loan should be considered a worthless security. As such, you .
http://money.stackexchange.com/questions/12452/what-are-the-tax-implications-of-a-lendingclub-loan-writeoff

Hours: Mon-Fri 11-8 PM Sun 12-7 PM

Bad Loan To Brother Okd As Write-off - Chicago Tribune
Sep 10, 1995 . The IRS often challenges write-offs when loans to family members sour, . Stewart wrote the loan off as worthless, reasoning the return of his .
http://articles.chicagotribune.com/1995-09-10/business/9509100423_1_bad-debt-deduction-tax-court-interest-rate-or-repayment


How to write off an unpaid business loan
Sep 2, 2010 . How to write off an unpaid business loan. By George Saenz • Bankrate.com. George Saenz Question Dear Tax Talk, We loaned a startup .
http://www.bankrate.com/finance/taxes/how-to-write-off-an-unpaid-business-loan.aspx


Phone: 888-254-DIGS (3447)
              212-226-3363
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H and MH&M Soho carries high fashion and quality at the

How to Write Off Bad Debt | Fox Business
Apr 28, 2011 . The rules for writing off debt are tricky and vary depending on the situation. . The IRS considers “loans” to your minor children as gifts making the . The debt must be deemed completely worthless and reasonable steps must .
http://www.foxbusiness.com/personal-finance/2011/04/28/write-bad-debt/



Opening hours
Mon - Sat 10:00 AM - 9:00 PM
Sun 11:00 AM - 8:00 PM

558 Broadway between Prince and Spring

I am in an LLC with one other member. Our only activity was ...
Sep 2, 2010 . We would like to write off the stock and loans as worthless in 2009 and dissolve the LLC. We only have about $200 in the bank account and the .
http://www.justanswer.com/tax/3y7xp-llc-one-member-activity.html


Phone: +1-212 343 2722
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LEGACY

Definition of write-off
write-off definition and meaning by Oxford University Press. . an account of a bad debt or worthless asset: their profits are weakening thanks to loan write-offs .
http://oxforddictionaries.com/definition/english/write-off


Charge-Off: Definition from Answers.com
Loan written off as uncollectible bad debt. . Also called write-off. . Impairment charge is a term for writing off worthless goodwill, but you need to know what it .
http://www.answers.com/topic/charge-off


What Is a Tax Impact of Writing off Bad Debt? | Chron.com
When you make a loan, either personally or as part of your business, you expect to be . bad debts partially or fully in the year that the debt becomes worthless. . The specific charge-off method allows you to write off debts in full or in part as .
http://smallbusiness.chron.com/tax-impact-writing-off-bad-debt-37153.html

LEGACY
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Bad Debt Deductions in a World of Uncertainty
Oct 25, 2007 . Tips revealed on making the most out of bad loans, advances or receivables. . an item from the books was considered adequate to take a tax write-off. . of the worthless portion of the debt is also a sufficient charge-off as .
http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2007/CorpTax/Uncertainty.jsp


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ONASSIS

TaxAlmanac - A free online tax research resource and community ...
IIRC, you're not allowed to "write off" any remaining basis in a . asset can be written off in the year it is abandoned or becomes worthless.
http://www.taxalmanac.org/index.php/Discussion:Worthless_Customer_List

Tax Topics - Topic 453 Bad Debt Deduction
Aug 11, 2012 . Loans to clients and suppliers; Credit sales to customers, or; Business loan guarantees . specific charge-off method or the nonaccrual-experience method. . Nonbusiness bad debts must be totally worthless to be deductible.
http://www.irs.gov/taxtopics/tc453.html

IRS Tax Write-offs for Worthless Stock | eHow.com
IRS Tax Write-offs for Worthless Stock. It can be painful to watch an investment shrink to essentially zero, but this happened to millions of investors who bet on .
http://www.ehow.com/about_5445520_irs-tax-writeoffs-worthless-stock.html


write off - Idioms and phrases - The Free Dictionary
Definition of write off in the Idioms Dictionary. write off phrase. What does write off expression mean? . I wrote off that piece of swampy land as worthless. . that a debt will not be paid Last year the bank wrote off $17 million in bad loans.
http://idioms.thefreedictionary.com/write+off


(212) 966-8869
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ORIGINAL PENGUIN write off worthless loan

Writing off worthless stock - Bankrate.com
Feb 23, 2012 . Taxes » Writing Off A Worthless Stock . might be able to write off the holding on your tax return as a worthless stock. . 30K Home Equity Loan .
http://www.bankrate.com/finance/money-guides/writing-off-a-worthless-stock.aspx

Rev. Rul. 2007-32 - TaxAlmanac
May 18, 2007 . If a bank receives payments on a loan where the bank for federal income tax . rules, a loan may be considered a bankable asset (i.e., not written off for . and loan's claim for the uncollected 1978 interest was worthless for .
http://www.taxalmanac.org/index.php/Rev._Rul._2007-32


103 Greene Street

Five Tax Deductions you never thought about | LegalZoom
Apr 4, 2011 . A debt becomes worthless when the surrounding facts and . Using a home equity loan to pay off credit card debt has more benefits that just . Make sure you get a written note from your doctor saying you need those services.
http://www.legalzoom.com/taxes/personal-taxes/five-tax-deductions-you-never


A Tax Deduction When You Cannot Collect on Business Debts
Oct 31, 2005 . Loans that you make for business reasons, that become worthless, can be . You do not necessarily have to write off a totally worthless debt on .
http://www.googobits.com/articles/p0-3064-a-tax-deduction-when-you-cannot-collect-on-business-debts.html


THE TAX TREATMENT OF BANK LOAN LOSSES
accounting, loans are recorded at their face value until they become fully worthless and are written off. However, a provision or reserve account is established for .
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.13.5209&rep=rep1&type=pdf


 

PALMA

Julian Block: Bad Debt Deductions for Worthless Loans to Spouses
The IRS says you can deduct a worthless loan if there is no likelihood of . the debt wasn't worthless at the end of the year in issue, a requisite for the write-off of .
http://www.huffingtonpost.com/julian-block/bad-debt-deductions-for-w_b_816694.html


Why Do Zombie Banks Hate Writing Off Bad Loans? Jonathan Weil ...
Jan 12, 2012 . Why Zombie Banks Hate to Write Off Bad Loans . for why the world's zombie banks remain so reluctant to write off worthless assets and tap the .
http://www.zerohedge.com/news/why-do-zombie-banks-hate-writing-bad-loans-jonathan-weil-explains

Mark A. Sellner, CPA :: Writing Off a Bad Investment
Aug 1, 2012 . Should a bad investment be written off this year, or next year when tax rates and . A bad debt is deductible when it becomes worthless, based on all . bad debt.3 Absent unusual circumstances of loans directly relating to .
http://sellnertaxconsulting.com/index.php/articles/writing-off-a-bad-investment/



463 Broome Street
New York / NY 10013
Phone: 212 966 1722


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* Write off - (Business): Definition
write off accounting process whereby a loan determined to be a worthless asset is removed from the books as an earning asset and charged to the loan loss .
http://en.mimi.hu/business/write_off.html


Charge-Off Definition | Investopedia
A charge-off will fall under one of the following categories: 1. A debt that is deemed uncollectible by the reporting firm and is subsequently written off. This type .
http://www.investopedia.com/terms/c/chargeoff.asp

 

451 Broome St.

Tax Law (Questions About Taxes): Income tax, irs publication 550 ...
Oct 21, 2009 . Will the buyer have to treat the written off loan as income from a tax . "To be deductible, nonbusiness bad debts must be totally worthless.
http://en.allexperts.com/q/Tax-Law-Questions-932/2009/10/Income-tax-11.htm


Tax Saving for Investors - Northfield NJ CPA - Capaldi, Reynolds ...
There are four basic strategies for writing off nearly worthless stock- two are used for "keeping" the stock and the other two are used for writing off the stock and .
http://www.capaldireynolds.com/rep-investmenttaxsave.php



 

What Goes Around Comes Around

Writing off a bad investment
Should a bad investment be written off this year, or next year when tax rates and related . on the private company this year, rendering my investment worthless. . a business or nonbusiness bad debt.3 Absent unusual circumstances of loans .
http://www.mncpa.org/publications/footnote/2010-11/writing-off-a-bad-investment.aspx

Guidelines On Classification Of Impaired Loans/Financing And ...
Write-Off of Impaired Loans. 14. Accounts or portion thereof which are classified as bad or deemed uncollectible and worthless may be written-off. A loan .
http://www.bnm.gov.my/guidelines/03_dfi/01_reporting/01_gl_classification_of_impaired_loans.pdf


Second Lender Short Sale - Home Buying and Selling - About.com
In the latter, it almost, but not quite, removes the incentive for a seller to do a . The second lender has a worthless loan that it can sell or perhaps pursue for . Believe it or not, there is a market where worthless loans are sold after a charge- off.
http://homebuying.about.com/od/shortsale/f/How-Can-A-Second-Lender-Keep-A-Deficiency-Right-In-A-Short-Sale.htm

351 West Broadway

Using bad debt to your company's tax advantage - Baker Tilly
While the most common business debts that become worthless and uncollectible are a company's accounts receivable, companies also may have made loans to . An account must be written off no later than the year that the entire balance .
http://www.bakertilly.com/userfiles/file/Insights/Tax%20Strategist/TS1210_BadDebtDeductions.pdf


Tax Study Guide-7-Business Expenses flashcards | Quizlet
Available methods are the specific charge-off method and the .
http://quizlet.com/3546859/tax-study-guide-7-business-expenses-flash-cards/


 

SAO
112 Wooster Street
Phone: 212-334-0456

TSE
120 Wooster Street

What Are the IRS Rules for Writing Off Notes Receivable? | eHow.com
Is a Loan Write-Off Reported as Imputed Income to the IRS? . A partially worthless debt occurs when part of the debt becomes uncollectible during the tax year .
http://www.ehow.com/info_8787844_irs-writing-off-notes-receivable.html


Impairment Charges: The Good, The Bad And The Ugly - Yahoo ...
Jul 27, 2012 . Impairment charge is a term for writing off worthless goodwill, but you . The loan requires that NetcoDOA maintain a capitalization ratio no .
http://ph.she.yahoo.com/impairment-charges-good-bad-ugly-171533980.html

 

JOHN VARVATOS
122 Spring Street
Phone: 212-965-0700

ALEXIA CRAWFORD ACCESSORIES

199 Prince Street
Phone: (212) 473-9703

ANN TAYLOR LOFT

560 Broadway
Phone: (212) 625-0427

ASH FRANCOMB

35 Crosby Street
Phone: (212) 334-3435

ANNE FONTAINE

93 Greene Street
Phone: (212) 343-3154

BAGUTTA LIFE

72 Greene Street
Phone: (212) 925-5216

BELIEVE IT NYC

529 Broome Street
Phone: (212) 334-7223

BETSEY JOHNSON SOHO

138 Wooster Street
Phone: (212) 995-5048

BICHE DE BERE

482 West Broadway
Phone: (212) 598-0571

BIG DROP

174 Spring Street
Phone: (212) 226-9292

BIG DROP

425 West Broadway
Phone: (212) 226-9292

BLOOMINGDALE’S

504 Broadway
Phone: (212) 705-2000

BUFFALO CHIPS

355 West Broadway
Phone: (212) 625-8400

ABA Letter to IRS Commissioner on Conclusive Presumption
Jul 13, 2012 . We are writing to draw your attention to a matter of serious concern . the regulator confirmed the loans charged-off to be worthless because the .
http://www.aba.com/Issues/commentletters/Documents/ABALettertoIRSCommissioner07132012.pdf

106 Wooster Street
Phone: (212) 965-5330

Absurd student debt has ended mass inclusion – our future is at risk ...
Jul 3, 2012 . The loans students are taking out are "not merely income contingent, but . schemes: while student debt is currently written off after 25 years (35 . Hence why we have so many courses that result in a worthless qualification.
http://www.guardian.co.uk/commentisfree/2012/jul/03/absurd-student-debt-has-ended-inclusion


406 Broome Street
Phone: (212) 925-6200

CALYPSO ST. BARTH
280 Mott Street
Phone: (212) 965-0990

CALYPSO AU MARCHE
426 Broome Street
Phone: (212) 941-9700

CHANEL BOUTIQUE

130 Spring Street
Phone: (212) 334-0055

 

CHRISTOPHER FISCHER
80 Wooster
Phone: (212) 965 9009

CLEO & PATEK

367 West Broadway
Phone: (212) 431-7541

CRUMPLER

45 Spring Street
Phone: (212) 334-9391

CUSTO BARCELONE BOUTIQUE

474 Broome Street
Phone: (212) 274-9700

D&G DOLCE & GABBANA

434 West Broadway
Phone: (212) 965-8000

DAFFY’S

462 Broadway
Phone: (212) 334-7444

DETOUR-LADIES’

154 Prince Street
Phone: (212) 966-3635

DETOUR-MEN’S

425 West Broadway
Phone: (212) 219-2692

DETOUR-WOMEN’S

472 West Broadway
Phone: (212) 979-6315

DKNY

420 West Broadway
Phone: (646) 613-1100

DO KHAM: THE TIBET EMPORIUM

51 Prince
Phone: (212) 966-2404

DOSA

107 Thompson
Phone: (212) 431-1733

EARL JEAN

160 Mercer
Phone: (212) 226-8709

EILEEN FISHER

395 West Broadway
Phone: (212) 431-4567

FELICIA FARRAR

25 Thompson
Phone: (212) 560-9128

FLYING A

169 Spring
Phone: (212) 965-9090

FORAVI

542 Broadway
Phone: (212) 966-1970

FRENCH CONNECTION

435 West Broadway
Phone: (212) 219-1197

IVAN GRUNDAHL/LINEA S

94 Grand Street
Phone: (212) 334-4964

GUESS?

537 Broadway
Phone: (212) 226-9545

HEAD PORTER

140 Wooster Street
Phone: (212) 995-8108

 

HELIANTHUS
196 Spring Street
Phone: (212) 966-6435

HUGO HUGO BOSS

132 Greene Street
Phone: (212) 965-1300

IF... SOHO NY

94 Grand
Phone: (212) 334-4964

INA

101 Thompson
Phone: (212) 941-4757

INSTITUT

97 Spring Street
Phone: (212) 431-5521

J. CREW

99 Prince Street
Phone: (212) 966-2739

J. LINDEBERG

126 Spring Street
Phone: (212) 625-9403

JACK SPADE

56 Greene Street
Phone: (212) 625-1820

JILL STUART

100 Greene
Phone: (212) 343-2300

JJ TURK

510 Broome
Phone: (212) 625-9454

JNBY
75 Greene Street
Phone (212) 219-2529

KABAY

339 West Broadway
Phone: (212) 925-9631\

KAORI'S CLOSET
71 West Houston Street
Phone: (212) 387-7788

KATE SPADE

454 Broome Street
Phone: (212) 274-1991

KAZUYO NAKANO

117 Crosby Street
Phone: (212) 941-7093

KEIKO NEW YORK

62 Greene Street
Phone: (212) 226-6051

KENNETH COLE NEW YORK

597 Broadway
Phone: (212) 965-0283

KORS

159 Mercer
Phone: (212) 966-5880

LAUNDRY by Shelli Segal

97 Wooster
Phone: (212) 334-9433

LINUS

160 Spring Street
Phone: (917) 237-0222

LIORA MANNE

91 Grand Street
Phone: (212) 965-0302

 

LOOPY MANGO

Ask the Best and Brightest: Will Uncle Sam Write-Off GM's $22.8 ...
Apr 13, 2009 . Why would the government need to write off loans to itself? . Goldberg's book is literally worthless – even if you accept the line of argument .
http://www.thetruthaboutcars.com/2009/04/ask-the-best-and-brightest-will-uncle-sam-write-off-228b-gm-loans/


Phone: (212) 343-7425

LOUNGE

593 Broadway
Phone: (212) 226-7585

LUCKY BRAND DUNGAREES

38 Greene Street
Phone: (212) 625-0707

LYNN PARK

51 Wooster Street
Phone: (212) 965-5133

m0851

115 Mercer
Phone: (212) 431-3069

MALO

125 Wooster Street
Phone: (212) 941-7444

MANKIND

8 Greene Street
Phone: (212) 966-5146

MARC JACOBS

163 Mercer
Phone: (212) 343-1490

Bad debt - Wikipedia, the free encyclopedia
A bad debt is an amount owed to a business or individual that is written off by the . that can no longer be collected, typically from accounts receivable or loans. . A partially worthless status means a portion of the debt may be recovered in .
http://en.wikipedia.org/wiki/Bad_debt

65 Mercer
Phone: (212) 431-4120

MARITHE + FRANCOIS GIRBAUD

47 Wooster
Phone: (212) 625-0066

MAX STUDIO

426 West Broadway
Phone: (212) 941-1141

MAXMARA

450 West Broadway
Phone: (212) 674-1817

MIU MIU

100 Prince
Phone: (212) 334-5156

NANETTE LEPORE BOUTIQUE

423 Broome Street
Phone: (212) 219-8265

NICOLE MILLER SOHO

77 Greene Street
Phone: (212) 219-1825

OLIVE AND BETTE’

158 Spring Street
Phone: (646) 613-8772

ONWARD SOHO

172 Mercer
Phone: (212) 274-1255

THE ORIGINAL LEATHER STORE

176 Spring
Phone: (212) 219-8210

PATAGONIA

101 Wooster Street
Phone: (212) 343-1776

PHAT FARM/BABY PHAT

129 Prince
Phone: (212) 533-7428

PLEATS PLEASE

128 Wooster
Phone: (212) 226-3600

PRADA

575 Broadway
Phone: (212) 334-8888

PUMA

521 Broadway
Phone: (212) 334-7861

QUICKSILVER-BOARDRIDERS CLUB

109 Spring Street
Phone: (212) 334-4500

RALPH LAUREN

379 West Broadway
Phone: (212) 625-1660

RAMPAGE

127 Prince Street
Phone: (212) 995-9569

REPLAY

109 Prince
Phone: (212) 673-6300

REVA MIVASAGAR

22-28 Wooster
Phone: (212) 334-3860

ROSEBUD

131 Thompson
Phone: (646) 602-1565

RUDE GIRL RIVE GAUCHE

237 Centre Street
Phone: (212) 226-0069

SAC BOUTIQUE

115 Grand Street
Phone: (212) 431-2576

SALVATORE FERRAGAMO

124 Spring Street
Phone: (212) 226-4330

SHARAGANO PARIS

529 Broadway
Phone: (212) 941-7086

SKECHERS

530 Broadway
Phone: (212) 431-8803

STACKHOUSE

276 Lafayette
Phone: (212) 925-6931


STELLA MCCARTNEY
112 Greene Street
Phone: (212) 255 1556

STEVEN ALLAN

60 Wooster
Phone: (212) 334-6354

STUSSY

140 Wooster
Phone: (212) 995-8787

SUPREME

274 Lafayette
Phone: (212) 966-7799

SWISS ARMY SOHO

136 Prince
Phone: (212) 965-5714

TAG HEUER BOUTIQUE

422 West Broadway
Phone: ( 212) 965-5304

TED BAKER LONDON

107 Grand
Phone: (212) 343-8989

Industry Articles - Petrinovich Pugh & Company LLP
. Know the Ins and Outs of 'Reasonable Compensation'; Writing Off Worthless . New Law Eases Rules for Pension Funding, Student Loan Rates and More .
http://ppandco.com/news/industry/index_industry.php

440 Broadway
Phone: (212) 219-9966

UNION

172 Spring Street
Phone: (212) 226-8493

UNITED COLORS OF BENETTON

555 Broadway
Phone: (212) 941-8010

VIVIENNE TAM

THEME: BAD DEBTS - Real Life Accounting
If you offer credit to customers or loan money for business purposes you run the risk of not being able . average of five percent of all credit sales have proven worthless. . were construed to be bad debts and written off turned out to be good ?
http://www.reallifeaccounting.com/pubs/Article_Theme_Bad_Debts.pdf


Phone: (212) 966-2398

WOLFORD

122 Greene
Phone: (212) 343-0808

WORK IN PROGRESS

513 Broadway
Phone: (212) 343-2577

X-LARGE

267 Lafayette
Phone: (212) 334-4480

Y & KEI

125 Greene
Phone: (212) 477-7778

YASO

62 Grand
Phone: (212) 941-8506

YELLOW RAT BASTARD

478 Broadway
Phone: (212) 334-2150

YOHJI YAMAMOTO

103 Grand
Phone: (212) 966-9066

ZABARI

506 Broadway
Phone: (212) 431-7980

Childrens Clothing Stores

CALYPSO ENFANT

426 Broome
Phone: (212) 966-3234

JULIAN & SARA

103 Mercer
Phone: (212) 226-1989

LES PETITS CHAPELAIS

142 Sullivan
Phone: (212) 505-1927

LILLIPUT

265 Lafayette
Phone: (212) 965-9567

LILLIPUT SOHO KIDS

240 Lafayette
Phone: (212) 965-9201

MAKIE

109 Thompson
Phone: (212) 625-3930

PATAGONIA

101 Wooster
Phone: (212) 343-1776

Leather Stores

ARIZONA

91 Spring Street
Phone: (212) 941-7022

HUNTING WORLD

118 Greene
Phone: (212) 431-0086

IL BISONTE

120 Sullivan Street
Phone: (212) 966-8773

LE BO PARIS

135 Prince
Phone: (212) 979-0082

THE ORIGINAL LEATHER STORE

176 Spring
Phone: (212) 219-8210

PETER HERMANN LEATHER GOODS

118 Thompson
Phone: (212) 966-9050

SILVERADO

542 Broadway
Phone: (212) 966-4470

Lingerie Stores

BODYHINTS

462 West Broadway
Phone: (212) 777-8677

ERES

98 Wooster
Phone: (212) 431-7300

LE CORSET BY SELIMA

80 Thompson
Phone: (212)334-4936

Maternity Stores

PUMPKIN MATERNITY

407 Broome (at Lafayette)
Phone: (212) 334-1809

Vintage Clothing Stores

CHELSEA GIRL

63 Thompson
Phone: (212) 343-1658

PATINA

451 Broome
Phone: (212) 625-3375

WHAT GOES AROUND COMES AROUND

351 West Broadway
Phone: (212) 343-9303

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Can You Write Off Uncollectible Debts on Your Taxes? - Budgeting ...
Bad loans are a legitimate tax deduction that you write off as a short-term capital . you must do so in the same year that the debt became obviously worthless.
http://budgeting.thenest.com/can-write-off-uncollectible-debts-taxes-26199.html







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Can You Write Off Bad Debt?
Sep 28, 2011 . In such a case, you fall in bad debt which can be written off. . which has been previously reported or money you may have loaned to someone. . returns you should show it so that it can be deducted and declared worthless.
http://www.buzzle.com/articles/can-you-write-off-bad-debt.html

 

HOT DEALZ & COOL SAVINGS

1980.469 Loan servicing. - Electronic Code of Federal Regulations:
Even though partial recovery may be effected in the future, it is not practical or desirable to defer writing off these basically worthless loans. (b) There is a close .
http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=1f9178e68e4c52e43ea2b7afe5fd024d&rgn=div8&view=text&node=7:14.1.1.1.8.3.12.34&idno=7


How to Deduct Nonbusiness Bad Debts | eHow.com
If you loan money to someone in a true debtor-creditor relationship that is . may be able to deduct the debt on your tax return in the year it becomes worthless.
http://www.ehow.com/how_2100236_deduct-nonbusiness-bad-debts.html


Federal Income Tax Treatment of Bad Debt | eHow.com
Taxpayers who cannot collect on a loan to family members are not eligible for . and personal bad debts are deductible in the year the debt becomes worthless.
http://www.ehow.com/about_7500894_federal-tax-treatment-bad-debt.html